Ann: Findi raises $37.6 million ahead of TSI India IPO, page-15

Still cheap.. Not sure if i understand the announcement correctly..

But if my understanding is correct, accounting for 16.7% extra equity from our small base, that would bring the total share issued to ~42m
Adding option that is definitely on money now, we get ~64m total share issued (~68m if equity% is after option)

Now that we have the cash injection to build the ATM in plus the current cash we have, from my estimation, we no longer need any further debt to fund the ATM

if you use P/B there is still lots of upside if you accounted new cash injection + option and FY24 cash flow

Need more luck ASX casino... Must not sell yet...